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IGNOU MECE-03
- Actuarial Economics: Theory and Practice,
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(July 2020 - January 2021)

IGNOU
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IGNOU MECE-03 July 2020 - January 2021 - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment MECE-03 - Actuarial Economics: Theory and Practice? Then GullyBaba is the right place for you. We have the Assignment available in English and Hindi language.

This particular Assignment references the syllabus chosen for the subject of Economics, for the July 2020 - January 2021 session. The code for the assignment is MECE-03 and it is often used by students who are enrolled in the MA Degree.

Once students have paid for the Assignment, they can Instantly Download to their PC, Laptop or Mobile Devices in soft copy as a PDF format. After studying the contents of this Assignment, students will have a better grasp of the subject and will be able to prepare for their upcoming tests.

IGNOU MECE-03 (July 2021 - January 2022) Assignment Questions

Section A

1) State and explain the significance of ‘convergence and limit laws’.

2) Discuss the various aspects of insurance sector that are regulated.

Section B

3) Explain the elements of ‘interest calculation’ with examples.

4) What is a ‘life annuity contract’? How is its ‘actuarial present value’ determined?

5) Write a note on ‘international actuarial notations’.

6) State the key components of ‘extreme value theory (EVT)’ with a particular reference to the ‘generalised extreme value (GEV) distribution’.

7) What are ‘non-catastrophic losses’? How is the ‘total loss amount’ in respect of such a loss determined?

IGNOU MECE-03 (July 2020 - January 2021) Assignment Questions

This section carry 20 marks each (to be answered in about 500 words each).

  1. (a) Why is it necessary to model interest stochastically? How is a model of ‘stochastic interest’ developed?
    (b) Differentiate between the features of ‘classical and Bayesian analysis of credibility theory’.
  2. You are required to demonstrate the interplay between ‘finance and insurance principles’. How would you approach this problem with the help of ‘unit-linked insurance contracts’?

This section carry 12 marks each (to be answered in about 300 words each).

  1. State Markov’s theorem with illustrations. What is the condition required to be met by a random variable R in order to possess the Markov property?
  2. How is a ‘survival function’ defined? In what way is a ‘hazard function’ different from the ‘survival function’?
  3. How is Lundberg Risk Model formulated? Suggest modifications therein so as to offer an alternative to it.
  4. State the Optional Stopping Theorem. What technique could be used to analyse the ‘collective risk’?
  5. Write short notes on: (a) Compound-Poisson Process; (b) Black-Scholes Theorem; (c) Panjer Recursion; and (d) Risk neutral evaluation.

IGNOU MECE-03 (July 2020 - January 2021) Assignment Questions

IGNOU MECE-03 (July 2019 - January 2020) Assignment Questions

MECE-03 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Actuarial Economics: Theory and Practice
  • Language(s) English and Hindi
  • Session July 2020 - January 2021
  • Code MECE-03
  • Subject Economics
  • Degree(s) MA
  • Course Optional Courses
  • Author Gullybaba.com Panel
  • Publisher Gullybaba Publishing House Pvt. Ltd.

Assignment Submission End Date

The IGNOU open learning format requires students to submit study Assignments. Here is the final end date of the submission of this particular assignment according to the university calendar.

  • 15th July 2021 (if Enrolled in the July 2020 Session)
  • 30th Sept. 2021 (if Enrolled in the January 2021 Session).

Download Files & Sessions Details

Here are the PDF files that you can Download for this Assignment. You can pick the language of your choice and see other relevant information such as the Session, File Size and Format.

English Language

  • July 2021 - January 2022 19 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MECE03-EN-
  • July 2020 - January 2021 14 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MECE03-EN-

Hindi Language

  • July 2020 - January 2021 19 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MECE03-HI-
  • July 2019 - January 2020 15 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MECE03-HI-

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  • All Solved Answers By IGNOU Experts.
  • Available for 5 Times for Download.
  • Downloadable Soft Copy in PDF.
  • Print Ready Format: A4 (21 x 29 x .20 cm (Width x Length x Height)

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